 |
| CLICK HERE TO VIEW CURRENT ISSUE |
 |
| Best of NAMA 2026 |
|
 |
|
FARMLAND PRICE INDEX SHOWS STRONG GAINS
Nov. 11, 2013
Land Owner newsletter reports:
An index of investment-grade farm properties held by large pension and invesment funds reports total returns reached 2.94% in the third quarter of 2013. That return was comprised of 0.85% appreciation and 2.09% income.
The Farmland Index, maintained by the National Council of Real Estate Investment Fiduciaries (NCREIF), shows an increase in the third quarter compared to the 1.97% total return reported for the second quarter.
The 2.94% return greatly exceeds the 1.91% return from third quarter 2012 and the long-run third quarter average of 1.40%. The 2.09% income return is the highest income return for any quarter other than the fourth quarter in the history of the NCREIF farmland index. The index dates to the first quarter of 1992.
The trailing four-quarter total return of 21.25% is the highest since fourth quarter 2006, NCREIF states. The split on the trailing four-quarter return was 11.76% appreciation and 8.78% income.
|
|
|
|
|
